Hey,
I just tidied this project up a little, so I thought I'd up it->
http://www.sendspace.com/pro/dl/szgxr9 It's a recorder VSTfx that allows you to cut and export loops, similar to IL Edison sorta.
The killer feature is that you can choose to play a metronome tick on grid divisions of the selection , thus enabling easier finding of correct loop points. Once you have your loop start and end, you can drive the playback via virtual midi cable to preview your loop in the mix.
You can flick left and right with selection, also double and halve it.
I think the RAM successfully flushes now.

Enjoy!
Free for non-commercial use, $32Aus. commercial
It will not recall what it has recorded if you close the project, u need to save the .wavs you want.
Only Win32, made with SynthMaker, Cheers Exo for sampler
If anyone would like .osms 2 my things, let me know, we work something out
edit- Here is the link to the latest version of Entrancer, the synth-
http://www.sendspace.com/pro/dl/9sos9h